Interactive Strength, Inc. (TRNR): M&A transaction — Interactive Strength acquires CLMBR; acquired firm had $17.4M net loss in 2023

Interactive Strength, Inc.

CLMBR revenue fell to $2.4M in 2023 from $7.1M in 2022; net loss was $17.4M.
As of Dec 31, 2023, CLMBR had a stockholders' deficit of $21.4M and a going-concern opinion.
Acquisition closed Feb 2, 2024; Interactive Strength paid substantially all assets and assumed certain liabilities.
Pro forma financials show combined entity inherits CLMBR's accumulated deficit of $90.0M.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Interactive Strength, Inc. completed an acquisition involving CLMBR, Inc and CLMBR1, LLC (closed 2024-02-02).

Action: acquisition
Counterparty: CLMBR, Inc and CLMBR1, LLC
Closing: 2024-02-02

Exact text from the filing

On February 2, 2024, pursuant to the Asset Purchase Agreement, the Buyer completed the acquisition of the Company.

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24 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-045648

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